You are bearish on Telecom and decide to sell short 100 shares at the current market price of $44 per share

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You are bearish on Telecom and decide to sell short 100 shares at the current market price of $44 per share. a. How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position? Answer is complete and correct. Initial margin $ 2.200 b. How high can the price of the stock go before you get a margin call it the maintenance margin is 30% of the value of the short position? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Stock price $ 2538 roaches